- Tangelo specializes in helping businesses in Latin America build and scale digital credit solutions for their customers, expanding access to credit and financial inclusion in the region.
- Through the alliance between Tangelo and Dell Leasing, leading Mexican technology distributors and Dell’s online customers will be able to access digital financing options for IT equipment to support their growth and access to technology.
- The agreement between Tangelo and Clip opens the door to hundreds of thousands of companies in Mexico who use digital payment to access fast, simple and 100% digital financing.
MEXICO CITY, March 29, 2022 /PRNewswire/ — Tangelo, the technology company specializing in alternative credit solutions for Latin Americatoday announced partnerships with Dell Leasing, the global IT company, and with Clip, a leading digital commerce and payment platform that enables businesses to Mexico interact and do business more effectively with their consumers through innovative technologies, best-in-class customer service, and the ability to digitally accept multiple payment methods. Clip has more than 1,000 employees and offices in Mexico City, Guadalajara, Salt Lake Cityand Buenos Aires.
With Dell Leasing, Tangelo has developed two lines of credit. The first is a working capital line, made available to the top 100 wholesale technology distributors of Mexicoenabling them to finance their purchases from Dell, a company which recorded sales of more than $280 million in Mexico.
The second line of credit is intended to finance online purchases on Dell’s Mexican e-commerce site, a a billion dollars business in Latin America. This financing will be available for purchases under $10,000thereby improving people’s access to credit and technology throughout the region.
For Clip, Tangelo designed a credit feature called “merchant cash advance“, which allows the hundreds of thousands of businesses that use Clip’s payment terminals to Mexico to access 100% digital financing that is repayable as transactions are carried out in their terminals.
The two agreements, which come just two months after the official launch of Tangelo in Latin America, revolve around the technological capabilities and alternative risk assessment models that characterize the company’s credit offerings. This has enabled Tangelo to develop tailored credit solutions for Dell Leasing and Clip for their customers to access simple and inclusive real-time financing.
With this announcement, Tangelo reinforces its commitment to financial inclusion by Latin Americaconsolidating its business model based on strategic partnerships with major companies in several sectors of the economy, bringing digital financing solutions to thousands of consumers and SMEs in the region.
Ricardo Hoyo, Corporate Manager at Tangelo, commented, “These partnerships will have a positive impact on the region as hundreds of SMEs and thousands of consumers will be able to grow and access technology through financing solutions that would otherwise be difficult to obtain. credit that we operate today in the Mexican market can be easily replicated in Colombia and other Latin American countries that need digital credit solutions”.
Juan Pablo Unna, Managing Director of Dell Leasing, said, “At Dell Leasing Mexico, we are very pleased with the partnership signed with Tangelo as it will allow us to expand our offering of technology solutions to customers through financing. This will provide individuals with a flexible payment plan and our distribution channels with lines of credit that will give them greater purchasing power.”
Tangelo is a fast-growing fintech company specializing in developing and scaling alternative credit products and services for individuals and businesses in Latin America. Using its proprietary technology platform and advanced data analytics capabilities, Tangelo manages a diverse portfolio of customized products, including point-of-sale finance, supply chain finance, asset-based lending, credit scoring as a service and end-to-end white labeling. digital credit solutions for many industries.
SOURCE Mexarrend, CV SAPI